In the latest trading session, 5.08 million Boeing Co (NYSE:BA) shares changed hands as the company’s beta touched 1.26. With the company’s most recent per share price at $171.68 changing hands around $10.11 or 6.26% at last look, the market valuation stands at $129.17B. BA’s current price is a discount, trading about -14.72% off its 52-week high of $196.95. The share price had its 52-week low at $137.03, which suggests the last value was 20.18% up since then. When we look at Boeing Co’s average trading volume, we note the 10-day average is 7.64 million shares, with the 3-month average coming to 8.24 million.
Analysts gave the Boeing Co (BA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.03. If we narrow down to specifics, the data shows that 3 out of 21 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended BA as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight.
Boeing Co (NYSE:BA) trade information
Instantly BA is in green as seen in intraday trades today. With action 8.11%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -3.00%, with the 5-day performance at 8.11% in the green. However, in the 30-day time frame, Boeing Co (NYSE:BA) is -7.18% down. Looking at the short shares, we see there were 17.08 million shares sold at short interest cover period of 2.32 days.
The consensus price target for the stock as assigned by Wall Street analysts is 201, meaning bulls need an upside of 14.59% from its recent market value. According to analyst projections, BA’s forecast low is 109 with 240 as the target high. To hit the forecast high, the stock’s price needs a -39.79% plunge from its current level, while the stock would need to tank 36.51% for it to hit the projected low.
Boeing Co (NYSE:BA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.08% of Boeing Co shares while 75.39% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 75.45%. There are 75.39% institutions holding the Boeing Co stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.3103% of the shares, roughly 50.93 million BA shares worth $9.27 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.921% or 36.29 million shares worth $6.61 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Growth Fund of America Inc and Vanguard Total Stock Market Index Fund. With 25.56 shares estimated at $4.4 billion under it, the former controlled 3.41% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.12% of the shares, roughly 23.43 shares worth around $4.03 billion.
